Can some one please help with the recommended deviation to input for RSI ? And SMA EMA's as well. I'm struggle making connections on the charts studies don't line up
I'm surprised that you didn't discuss bearish and bullish divergences in RSI. These are extremely powerful. I would also suggest that I've found RSI crossing into over bought/sold on the 1 min is a pretty accurate signal for a 1 minute uptrend to continue. I also use the 50/200 emas though to compare the position.
For day trading Set RSI to 6 not 14. Then set overbought to 80 and oversold to 20. To go long, wait for the RSI to get down below 20 on a 5 min. chart and then look for the Crooked "W" divergence and go long.
@@nicktony2293 No matter how much preparation went into a trading strategy, what matters is your ability to use a wide variety of strategies in a disciplined manner. You should probably seek guidance for more profitable trades.
@@nicktony2293 I’ll recommend Dan Raziel, he’s very profitable and reliable. His trades are sure and gives realistic profits on weekly and monthly basis. He manages all risk effectively and predict the market accurately. He’s earned me a trade profit in hundreds of thousand this past months.
MAKE this ONE adjustment to your RSI Strategy, and it will be 90+% accurate: WAIT until AFTER the over bought (or oversold) CROSSES BACK below 60 and above 40. For the overbought, wait for the first RED candle you see after the CROSS BACK, and for OVERSOLD, WAIT until the first green candle AFTER the CROSS BACK up. AND, remember, to set your RSI to 60/40. You will get 3-5 x MORE PIPS this way.
What I also want to mention is that timeframes are helpful-different people look at different timeframes. For example, an H1 timeframe might show oversold conditions, while an M15 timeframe might show overbought conditions. Timeframes complement each other. If you work with the H4/H1 timeframe and it's oversold around the 20-25 RSI range, then moves into the 40 RSI range, the M15 timeframe could support your strategy by showing an RSI around 50-55 (mid-range). In the video, between 13:30-14:30, he explains that the midpoint of the RSI indicates strong buying power or an uptrend. You can use this strategy and apply it to any trend or determine other ranges and timeframes. My example illustrates stocks being oversold and trending upwards using H1 and M15 timeframes.
Yeah I like to use the stochastic rsi, when you see it crossing curving up on the weekly, the price is getting ready to go up. Look at your stocks after close on Friday and get ready for Monday. If this week candle higher than last it’s good as gold.
I'm not very good at using the MACD..it always seems to me that it could just as easily go the other way, or the move has happened already, lol Have tried crossovers, divergence and watching the histogram
Man much appreciated . I was wondering how to use that. Perfect video for me. I'm trying my best to get all the information I can right now because I'm tired of doing tree work brother.
Used this strategy on six small position trades today just to test it out. Green on five broke even on the other. I’m going to do a few more small portion trades to ensure I execute them well then I’m going to scale it up. Thanks.
The level is 50. Also, put the STOCH and MACD charts on there, too. Above 50 on STOCH and purple line above orange line on MACD is a buy signal. Opposite for a sell signal.
You are right the market is profiting if you are using really a good broker or account manager or professional trader to help out with trades or provide signals.
She trades for me too. My first investment with Mrs Mabel gave me profit over $25,000 and ever since then I trade with her and it has been a good turnups
To invest for the long term, not only do you have to look at a certain indicators, but you also have to remain focused on your long-term goals, be disciplined and understand your overall investment. There are several strategies to increase your chances of finding a great investment. - Focus on the fundamentals. - Examine the P/E Ratio - Avoid value traps - Dividend consistency - Analyze Economic indicators. Picking stocks is both an art and a science, and even the best-looking bets can fail to pay off.
@@fuseoff7377 I've been trading for 3 years now. I had a rough start though but all thanks to my Expert Trader 'Mr Carlos Beckham' he really helped me get the most out of the market. I just received a ROI of $112k thanks to him.
@@ivanwalter596 I just recently started trading with him. His strategies are amazing , I'm getting more experienced in stock market trading. He has thought me a lot these past months after trading so closely with his strategy and analysis which proves helpful, I saw my winning ratio increasing everyday as my trading improved as well.
RSI Overbought/oversold just like stocastic it only works for ranging market/ sideway. However RSI can give leading indicator for market to change direction.
I'm so opportuned that irrespective of the current dip in cryptocurrency, economy crisis and financial conditions i am still able to earn $19,500 returns from my initial $6,500 every 10 days. Crypto investment is really profitable.
After watching so many UA-cam tutorial videos about trading was still making losses until mrs Bridget Denison started managing my investments, now I make $10,567 weekly. God bless Mrs Bridget. She has been a blessing to my family
Amazing, I also started trading with Ms Bridget Denison recently. $170,000 profits in just 2 months and still counting, mrs Bridget Denison is the crypto trade Queen as far as am concerned.
Mrs Bridget Denison has been such a blessing to me, my colleague got me involved in this and I can't thank her enough, my first placement was a little amount of Ethereum and my investment has been growing so well even with the current dip
Ran last weeks earnings list with RSI2. Several prospects there. And looking back down the line on the RSI display, it's easy to see how and where to work this. Small breakouts confirmed by candles and volume. Set my stop loss and let 'er roll! Looking forward to working the FIRE out of this. - cp
Great treak! Thank you so much. Yes, I did notice something "suspicious" happened when RSI was next to 50%. I didn't know that a trend change was to ocurre after crossing the 50%. Besides, the other treak to wait for the RSI to go back from the Over zone was to improve the trading, is liquid gold man.
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?Any modifications?
I have been earning seriously on Btc,Tron and Doge coin. Ever since i invested $2000 i have been smiling😇😇. Y'all should put fear aside and invest in a good place and with a straightforward broker.
@@bestsplitscreengames With great difficulty, but it's when a market is staying within a set range for a long period of time. The difficulty is that often markets do not trend sideways for that long and by the time you have identified this it could start trending again. My advise would be to not trade it and stick to strongly trending markets only. In a sideways market its easy to make gains by being short and then long but most of the time you will lose all you have gained when the market starts trending and you get caught in your position
Great video thanks for the education other than rsi what other tools are recommended to use with rsi and if you can possibly do those videos as well thanks a new newbie
Gosh this is simply amazing! Thank you for sharing! I was looking for knowlage about forex on youtube and can tell you that your content is one of intelligible and smart-simple! Wish you all success! For sure I will be still watching your video and maybe one day join to academy! Wow just wow.
Yeah, this is how I learned to use all overbought/oversold indicators; rsi, williams %, stochastics, whatever but with 80/20 and look to get out at the 50. Always use it in context of the trend; only get long in uptrends, and short in down trends.
Just so you know, when your rsi testing was profitable only because its timing matched up with the institutional supply and demand areas. The theory behind the good trades is supply and demand, and the rsi is just a “lens”. As someone who backtests religiously I can almost guarantee you such an rsi strategy will not work. I’ve had by far the most success using the RSI as a means of measuring short term momentum, after defining key levels like supply and demand.
Recently I've been interested in investing in cryptocurrency, but it's strange how people talk about all the profits they've been making through trading of bitcoin, while am here not making any profit at all. Please can someone put me on the right path or tell me what am doing wrong?
@Gianna Bellante I agree with you, I also fell a victim once to a trading company and lost $15000 in bitcoin. lost all hope until I got connected to an experience broker who handles my asset with an amazing platform
the crypto market can be scary place to earn money but you just have to get on the right platform and with the help of an experienced broker like Mrs Kiana Danial you should be counting returns in no time. I'm only beginning to earn my returns and I am impressed with the outcome
What program do you recommend for this strategy? TradingView? I've experimented with a few different programs but they're all out of sync so I'm wondering which program you'd recommend for best results. Thanks! Keep up the great videos!
Very nice. However, as a trader who loses money each and every day trading Forex, i was cringing when you kept saying you were going to close the trade, but kept talking. You lost about 90 bucks. But, you were very kind to keep helping us.
To be frank with you bro, I personally don't support this because the RSI can cross the 30, 70 and come back soo many times and been stop out, unless you have any other confirmations you look up to bro...even if not, you can't rely on only this bro...Good work
I knew that already! + another 4 or 5 tricks that anyone can figure out. Also you just told 60,000 people! It's definitely worthwhile but as you say best used with 2 or 3 other factors
@Kuba P I wasn't showing off (that's hardly showing off by the way). But I was being facetious it's true. The title is a bit exaggerated. I do understand the difficulties of getting one's video noticed by the algorithm, though
I have been trading for a long time and have been learning a lot. I thought there is nothing new to learn but this was amazing. I loved it. Totally new. Thanks
@@sbw89 when you make money, honor God by withdrawing some. I think its greedy to put back everything you just gained. You should take something out. It's part of discipline
@@ngreat4390 I trade in an IRA account. So I do not cash out (so far at least). I use standard deviations (1st, 2nd and 3rd) and the RSI for entries and exits. Pretty accurate....
I've been trading for many years and have never heard that "as soon" as price reaches 70 (sell), 30 (buy); to be the rule. The info is, to be "aware" at 70 price is overbought and at 30 price is oversold, but it doesn't mean you react immediately. Also, you never use RSI by itself, its always used in conjunction with other Indicators. Price can linger overbought/oversold for an extended period of time, and anyone who has been trading for a good period of time would realize this to be true. My opinion, there's no need for a secret third aspect to this rule. Frankly for me, I never use this Indicator. To me it's basically useless but of course to each his own.
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online...it's really a life changer Bitcoin trading is really a life changer, I couldn't believe it could be so profiting urge. You're right sir, Thanks for introducing me to Mr Harvey
On the first pair USD JPY your showing the 1hr. On the second chart your showing the 4hr. Shouldnt this be the same? Which time frame do you recommend using this method for?
I make huge profits on my investment since I started trading with Anna Lawerence , her trading strategies are top notch coupled with the little commission she charges on her trade...
Dude, this WORKS. No SH*T. I can go back and 80% of the time this method is spot on, but only works on the reversal from a dip consistently. What about EXIT strategy? Have you got a majic trick for that?
Cool insight, I appreciate an opportunity to get such knowledge on how to make money, i look forward to trading bitcoin and making it an alternative source of income.
Every bitcoin investor right now is just smiling at the price of bitcoin and it held strong and indeed valuable enough to generate good ROI more person are gonna become millionaire and we have bitcoin thanks to that.,
14 days of focus and hardworking can put you many years ahead.... i just got into crypto/bitcoin trading and investment and i made my profits wish i knew about this earlier, crypto is truly a life changer
Thank you for the video, it's really cool and everything little or big we can learn will always or should always make us better traders. Thank You again, very awesome video. :) I was reading below and so many things people wanted you to add in there, and I'm super glad you kept it simple and basic without throwing in all the other stuff. Your mind can only focus for so long lol, especially at my age, so Thanks again for the great video and for holding off on other indicators until your next or previous videos lol. :)
you can use MACD alongside RSI. Though RSI doesn't exactly predict the future trend, MACD though laggy will tell if the fast and slow lines are going to converge, where the change in trends occurs and that would be your entry point.
This no "secret". It is well known to wait for it to break back thru the level just like sto. A better way to use rsi since it's lagging is use it for divergence or draw a trendline on rsi and trade the break of the trendline.
Nice video, very engaging from beginning to end. Nevertheless, business and investment are the easiest way to make money irrespective of which party makes it to the oval office.
Most people don't research or don't do it properly, my research led me to Ms. Kiana Danial, a professional broker who offers a unique way to understand the crypto market.
Even with the use of proper research tools like messari, block folio and others, I still made considerable number of losses. This was because I was too engrossed in technical analysis leaving out the fundamental factors like tokeneconomics, hash rate, market capitalization which is just stressful for an amateur. That's when I finally decided that a bit of professional advice can prove very helpful.
@@alveriobenjame286 This is not the first time am coming across Ms. Danial, Is there a link to her platform or how can I get in contact with her? I’d love to diversify and try out new investments the ALT coin market
There is another secret but I'll make that video. The timeframe is bigger and the settings will change instead of using the default. Btw, I use the 50 level too and thanks for showing that it works on smaller timeframes.
ok i have a problem with this theory.. cciv is at 95 as of right now...does that mean when it hits say 65 sale the load? that doesnt sound safe especially if the merger happens.....hmmm
Good Video thanks for sharing, have you tried trading it just on the 4H....I'm back testing the strategy on the 4H, it seldom goes above or below the 70/30 but when it does it usually has a huge move.
lmao yoo why didn't you just wait for divergences to play out?? 2 to 3 push UP or DOWN then your stop loss would have been 5 to 15 pips max {1 to 3 radio or 1 to 5 ratio every time }
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online...it's really a life changer Bitcoin trading is really a life changer, I couldn't believe it could be so profiting urge. You're right sir, Thanks for introducing me to Mr Harvey
Great video, just two things you could have added: 1. wait for the confirmation candle after RSI crosses the line 2. don't trade against the trend...
i totally understand that but i always had this question on which hour mark most people are using to comfirm the candle after RSI crosses the line....
Iv backtested most of the pairs now using rsi, and I find that some respond well against the trend as well with the correct SL and TP
Can some one please help with the recommended deviation to input for RSI ? And SMA EMA's as well. I'm struggle making connections on the charts studies don't line up
Yeah, and he could have gone without extending his horizontal lines 17x as long for his secret entries, as opposed as the 70 and 30 norm
@@zauzydumpling9942 use the 4hr for trend confirmation, use 15 minutes to spot a zone retest or touch and use 5 minutes for your entry
I'm surprised that you didn't discuss bearish and bullish divergences in RSI. These are extremely powerful. I would also suggest that I've found RSI crossing into over bought/sold on the 1 min is a pretty accurate signal for a 1 minute uptrend to continue. I also use the 50/200 emas though to compare the position.
They don't want the rest to know.
@@DonBrowsing trading is funny .. why they always hide information ..like come on guys
very good dear
For day trading Set RSI to 6 not 14. Then set overbought to 80 and oversold to 20. To go long, wait for the RSI to get down below 20 on a 5 min. chart and then look for the Crooked "W" divergence and go long.
Thanks...I'm going to back test this weekend!
As a beginner I appreciate you giving out this knowledge for free thank you so much brother 🙏🏻
Any update bro
As a day trader the amount and consistency of your overall profits depend on your commitment and reflexes.
Trading is too much of a risk.
All trades and investment involves risk Mike.. you have to be willing to learn appropriate patterns, rules, and strategies.
@@nicktony2293 No matter how much preparation went into a trading strategy, what matters is your ability to use a wide variety of strategies in a disciplined manner. You should probably seek guidance for more profitable trades.
Absolutely Noel.. Trading doesn’t have to be complicated
@@nicktony2293 I’ll recommend Dan Raziel, he’s very profitable and reliable. His trades are sure and gives realistic profits on weekly and monthly basis. He manages all risk effectively and predict the market accurately. He’s earned me a trade profit in hundreds of thousand this past months.
MAKE this ONE adjustment to your RSI Strategy, and it will be 90+% accurate: WAIT until AFTER the over bought (or oversold) CROSSES BACK below 60 and above 40. For the overbought, wait for the first RED candle you see after the CROSS BACK, and for OVERSOLD, WAIT until the first green candle AFTER the CROSS BACK up. AND, remember, to set your RSI to 60/40. You will get 3-5 x MORE PIPS this way.
Pls can you explain this better sir?
I'm going to give this a try 👍
Interesting
Are you using this on a 1, 5, 15 min timeframe?
This was really helpful
What I also want to mention is that timeframes are helpful-different people look at different timeframes. For example, an H1 timeframe might show oversold conditions, while an M15 timeframe might show overbought conditions. Timeframes complement each other. If you work with the H4/H1 timeframe and it's oversold around the 20-25 RSI range, then moves into the 40 RSI range, the M15 timeframe could support your strategy by showing an RSI around 50-55 (mid-range). In the video, between 13:30-14:30, he explains that the midpoint of the RSI indicates strong buying power or an uptrend. You can use this strategy and apply it to any trend or determine other ranges and timeframes. My example illustrates stocks being oversold and trending upwards using H1 and M15 timeframes.
Lower timeframes eg M15 help you time your entries and higher time frames be H1/H4 help establish a trend
The fact that you actually whispered had me laughing 😂had to smash the like button...
Possibly one of the most useful videos I've ever come across so far! Fantastic job!
9
@@zimaz5136 10
Check out Jeremy cash on UA-cam he has a rsi strategy that u would love
Good vid, I RSI with MACD, as the MACD gives a good indication of when price action is actually changing. RSI is like the "get ready for it"
Yeah I like to use the stochastic rsi, when you see it crossing curving up on the weekly, the price is getting ready to go up. Look at your stocks after close on Friday and get ready for Monday. If this week candle higher than last it’s good as gold.
I'm not very good at using the MACD..it always seems to me that it could just as easily go the other way, or the move has happened already, lol
Have tried crossovers, divergence and watching the histogram
Set rsi at 74 and 26. “90% of stocks never 👎 move more than 50% over decades” Peter lynch
Whats the reasoning behind this ??
Man much appreciated . I was wondering how to use that. Perfect video for me. I'm trying my best to get all the information I can right now because I'm tired of doing tree work brother.
Used this strategy on six small position trades today just to test it out. Green on five broke even on the other. I’m going to do a few more small portion trades to ensure I execute them well then I’m going to scale it up. Thanks.
How's the strategy going now bro?
Im going to code a script and test it out
The level is 50. Also, put the STOCH and MACD charts on there, too. Above 50 on STOCH and purple line above orange line on MACD is a buy signal. Opposite for a sell signal.
Hi, on what time pattern is best to read those signals? As they are different
@@aleksc5931 They adjust to the time interval.
RSI indicator is the real deal. My trading account manager uses this perfect. Fx is just sweet.
You are right the market is profiting if you are using really a good broker or account manager or professional trader to help out with trades or provide signals.
@Isabella Mia I'll recommend Expert mrs mabel to you. She's the best ive seen. She trades my fx account and makes me good profits 📈 weekly
@@smithhall9597 Wow you really know expert Mabel...? I'm a living testimony of expert Mabel, she has been trading for me for months now
She trades for me too. My first investment with Mrs Mabel gave me profit over $25,000 and ever since then I trade with her and it has been a good turnups
@Isabella Mia She is available on Whatsapp and telegram respectively 👇
To invest for the long term, not only do you have to look at a certain indicators, but you also have to remain focused on your long-term goals, be disciplined and understand your overall investment. There are several strategies to increase your chances of finding a great investment.
- Focus on the fundamentals.
- Examine the P/E Ratio
- Avoid value traps
- Dividend consistency
- Analyze Economic indicators.
Picking stocks is both an art and a science, and even the best-looking bets can fail to pay off.
Good rundown! it seems you are a pro. How long have you been trading?
@@fuseoff7377 I've been trading for 3 years now. I had a rough start though but all thanks to my Expert Trader 'Mr Carlos Beckham' he really helped me get the most out of the market.
I just received a ROI of $112k thanks to him.
@@ivanwalter596 Do you mind sharing his info?
@@ivanwalter596 I just recently started trading with him. His strategies are amazing , I'm getting more experienced in stock market trading. He has thought me a lot these past months after trading so closely with his strategy and analysis which proves helpful, I saw my winning ratio increasing everyday as my trading improved as well.
@@sophiaadam9966 Sure, you can contact him via wha tsa pp
RSI Overbought/oversold just like stocastic it only works for ranging market/ sideway. However RSI can give leading indicator for market to change direction.
you are right bro...also entry requires a confirmation candle and not to trade against the trend...
also, no mentioning of stop loss...25pips drawdown will bust the trade
I'm so opportuned that irrespective of the current dip in cryptocurrency, economy crisis and financial conditions i am still able to earn $19,500 returns from my initial $6,500 every 10 days. Crypto investment is really profitable.
After watching so many UA-cam tutorial videos about trading was still making losses until mrs Bridget Denison started managing my investments, now I make $10,567 weekly. God bless Mrs Bridget. She has been a blessing to my family
Oh please guys, how can I contact Mrs Bridget? I need her help, my investments aren't holding up well and I'd like to be making weekly profits🙏
@Patrick Ericsson THANKS A LOT🙏 I JUST CONTACTED HER AND SHE RESPONDED TO ME NICELY
Amazing, I also started trading with Ms Bridget Denison recently. $170,000 profits in just 2 months and still counting, mrs Bridget Denison is the crypto trade Queen as far as am concerned.
Mrs Bridget Denison has been such a blessing to me, my colleague got me involved in this and I can't thank her enough, my first placement was a little amount of Ethereum and my investment has been growing so well even with the current dip
Bro amazing video! Throw in a 62% retracement and you'll have less drawdown! Mind blown. Thanks brother
Explain?
@vedesh Could you explain that 62% retracement
@@alexy7237 Probably talking about the Fib retracement of 61.8%
Damn I thought this was gonna be a basic video but I found gold‼️
Idea. Set the 70 to 80 and the 30 to 20 to get better entry points?
Try 74 and 26, it very rarely goes to 80 and 20
Default settings ?
Am use RSI when crossover above 50 level we are only look to buy, similary,when RSI crossover below 50 level only look to sell
suppose this is for big TF, is it?
With this method, should we look at the 1 day chart or it doesn't really matter?
Nice info. Didn't know about 50 helping determine trend. Just back tested on Bitcoin. Gotta say it's pretty accurate.
Ran last weeks earnings list with RSI2. Several prospects there. And looking back down the line on the RSI display, it's easy to see how and where to work this. Small breakouts confirmed by candles and volume. Set my stop loss and let 'er roll! Looking forward to working the FIRE out of this. - cp
Yoo I did not know about this and I was losing but now I've seen this video I started to win a lot. THANK YOU FOR SHOWING THE SECRET. THANKS BRO
you can apply a MACD to filter out the false signals from the RSI
youre using it wrog, if there is divergence and crossing levels you enter/exit
Great treak! Thank you so much. Yes, I did notice something "suspicious" happened when RSI was next to 50%. I didn't know that a trend change was to ocurre after crossing the 50%. Besides, the other treak to wait for the RSI to go back from the Over zone was to improve the trading, is liquid gold man.
Im only seeing this now and I am really blown away as a beginner. Thank you so much for this RSI strategy
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?Any modifications?
I have been earning seriously on Btc,Tron and Doge coin.
Ever since i invested $2000 i have been smiling😇😇.
Y'all should put fear aside and invest in a good place and with a straightforward broker.
tell me more
Really interesting vid. Keep 'em coming!
Works great in a sideways market, but will fail you everytime in a trending market!
True How do we know when the market is sideways?
@@bestsplitscreengames With great difficulty, but it's when a market is staying within a set range for a long period of time. The difficulty is that often markets do not trend sideways for that long and by the time you have identified this it could start trending again. My advise would be to not trade it and stick to strongly trending markets only. In a sideways market its easy to make gains by being short and then long but most of the time you will lose all you have gained when the market starts trending and you get caught in your position
@@techmoney5829 totally agree
@@bestsplitscreengames moving average gives you a good indication on a 4 hour time time frame
when I did more samples on the Rsi and Charts it does blew my mind so thank you so much!! you are so kind sharing this vid and knowledge! genius !!
Great video thanks for the education other than rsi what other tools are recommended to use with rsi and if you can possibly do those videos as well thanks a new newbie
Fantastic! I'll be testing your strategy. Thank you so very much!
Gosh this is simply amazing! Thank you for sharing! I was looking for knowlage about forex on youtube and can tell you that your content is one of intelligible and smart-simple! Wish you all success! For sure I will be still watching your video and maybe one day join to academy! Wow just wow.
@zlkr
I actually build EA based on RSI, I will try that little tip as an option. Thanks for sharing.
Thank you for giving such simple and easy to understand advice! This really helps me as a total beginner!❤
I wish I’d see this last year! But it’s now “this” year so no looking back .
Yeah, this is how I learned to use all overbought/oversold indicators; rsi, williams %, stochastics, whatever but with 80/20 and look to get out at the 50. Always use it in context of the trend; only get long in uptrends, and short in down trends.
Does the 50 on the RSI? Still produce good profits!?
Just so you know, when your rsi testing was profitable only because its timing matched up with the institutional supply and demand areas. The theory behind the good trades is supply and demand, and the rsi is just a “lens”. As someone who backtests religiously I can almost guarantee you such an rsi strategy will not work. I’ve had by far the most success using the RSI as a means of measuring short term momentum, after defining key levels like supply and demand.
Recently I've been interested in investing in cryptocurrency, but it's strange how people talk about all the profits they've been making through trading of bitcoin, while am here not making any profit at all. Please can someone put me on the right path or tell me what am doing wrong?
@Gianna Bellante I agree with you, I also fell a victim once to a trading company and lost $15000 in bitcoin. lost all hope until I got connected to an experience broker who handles my asset with an amazing platform
the crypto market can be scary place to earn money but you just have to get on the right platform and with the help of an experienced broker like Mrs Kiana Danial you should be counting returns in no time. I'm only beginning to earn my returns and I am impressed with the outcome
@@cesariogil5497 Is there a telegrm group or website for the platform?
@@lucyweilbel6681 sí, puedes ponerte en contacto con ella a través de telegrm
using he username investwithofficialdanial
Wow thank you so much for this amazing tutorial ! The best I've ever watched so far
What program do you recommend for this strategy? TradingView? I've experimented with a few different programs but they're all out of sync so I'm wondering which program you'd recommend for best results. Thanks! Keep up the great videos!
Great and clear explanations. Does it work for any timeframe?
Apparently RSI is not enough of an indicator. Use RSI, Stochastic, and MACD, then you will have 3 indicators to confirm an entry and exit
Lol
You are absolutely right
@@lordsothis why lol
@@Crypto-cartel-1 cause that's some funny as$ sh*t... But hey it's part of learning I guess...
@@lordsothis so is this wrong ,I’m not being funny ,I’m new I’m just learning
Very nice. However, as a trader who loses money each and every day trading Forex, i was cringing when you kept saying you were going to close the trade, but kept talking. You lost about 90 bucks. But, you were very kind to keep helping us.
To be frank with you bro, I personally don't support this because the RSI can cross the 30, 70 and come back soo many times and been stop out, unless you have any other confirmations you look up to bro...even if not, you can't rely on only this bro...Good work
I knew that already! + another 4 or 5 tricks that anyone can figure out. Also you just told 60,000 people!
It's definitely worthwhile but as you say best used with 2 or 3 other factors
@Kuba P I wasn't showing off (that's hardly showing off by the way). But I was being facetious it's true.
The title is a bit exaggerated. I do understand the difficulties of getting one's video noticed by the algorithm, though
Simply just wait for the confirmation when the rsi goes out of the over bought/sold zone.
bingo
For anyone to answer. So when the RSI begins to break above or below, the odds of it continuing are relatively good?
Honestly it’s best for you to backtest and see what works best for you on your preferred time frame/ your system
Surprisingly stochastic RSI plus bollinger bands working really well together
I have been trading for a long time and have been learning a lot. I thought there is nothing new to learn but this was amazing. I loved it. Totally new. Thanks
dude keep it simlple buy once rsi crosses 50 and sell at the resistance
Should it be when it crosses 30?
Why not just find a trend and use the RSI to get entry on the trend
lmao prophetmarket channel explains this way better on just 4mins
Makes common sense as it gives you more certainty and reduces the risk of losing out. Thanka for your time.
Great work! Thats what i teach my students. !
Appreciated ❣❣
2 questions are you using the rsi strategy for the one hour or 4 hour and the same question for the 50 level ?
You just make me $500 today. I've been using the RSI wrong for years. Truthfully, I stopped using it.
Thank you
i bet you have lost the $500
@@Anthonyij
I did yesterday
Seth Walker Lol 😂
@@sbw89 when you make money, honor God by withdrawing some. I think its greedy to put back everything you just gained. You should take something out. It's part of discipline
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I trade in an IRA account. So I do not cash out (so far at least). I use standard deviations (1st, 2nd and 3rd) and the RSI for entries and exits. Pretty accurate....
I've been trading for many years and have never heard that "as soon" as price reaches 70 (sell), 30 (buy); to be the rule. The info is, to be "aware" at 70 price is overbought and at 30 price is oversold, but it doesn't mean you react immediately. Also, you never use RSI by itself, its always used in conjunction with other Indicators. Price can linger overbought/oversold for an extended period of time, and anyone who has been trading for a good period of time would realize this to be true. My opinion, there's no need for a secret third aspect to this rule. Frankly for me, I never use this Indicator. To me it's basically useless but of course to each his own.
I use RSI sometimes ...and not for entry-point-decisions
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You're right sir, Thanks for introducing me to Mr Harvey
I like turtles.
On the first pair USD JPY your showing the 1hr. On the second chart your showing the 4hr. Shouldnt this be the same? Which time frame do you recommend using this method for?
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Dude, this WORKS. No SH*T. I can go back and 80% of the time this method is spot on, but only works on the reversal from a dip consistently. What about EXIT strategy? Have you got a majic trick for that?
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What time Frame is best for day trader? and what time Frame are you on this chart?
Hi, Sir can this technique use in 5 min or 15 min charts?
To save you guys some time basically you wait for the RSI to move out of the 30 range for a bit and then buy. Your welcome.
Hi, great video! How do i determine which time frame to use? I see that you use 1h trading chart.
A very quality video....I really enjoyed the tutorial keep it up brotherman
I love this strategy
woah! that did indeed blow my mind , thank you
It's been two months. How's your results?
I wondered if there was a way to adjust for the lag. Can't wait to try it out. New subscriber.
You're talking straight forward to the point , thanks for the video and very appreciated !!!
Cool insight, I appreciate an opportunity to get such knowledge on how to make money, i look forward to trading bitcoin and making it an alternative source of income.
Every bitcoin investor right now is just smiling at the price of bitcoin and it held strong and indeed valuable enough to generate good ROI more person are gonna become millionaire and we have bitcoin thanks to that.,
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@@tannybeckham233 exactly
Wise words👌
This is great! Way more informative than tons of videos I watch for rsi. Thank you
I did try in my recent trading it works for me. Wait for RSI below 30 then jump.
you saved me lol. I started today and lost 50% of my money doing the buy below 25 sell over 85.
Thanks that's exactly what happened to me today was looking at those extreme levels and trade went in opposition direction lucky it was demo only!
Thank you for the video, it's really cool and everything little or big we can learn will always or should always make us better traders. Thank You again, very awesome video. :) I was reading below and so many things people wanted you to add in there, and I'm super glad you kept it simple and basic without throwing in all the other stuff. Your mind can only focus for so long lol, especially at my age, so Thanks again for the great video and for holding off on other indicators until your next or previous videos lol. :)
you can use MACD alongside RSI. Though RSI doesn't exactly predict the future trend, MACD though laggy will tell if the fast and slow lines are going to converge, where the change in trends occurs and that would be your entry point.
That was good... I'm just learning hope it works for me...main thing is get in at a good position to make a profit and get out on the turn around
This no "secret". It is well known to wait for it to break back thru the level just like sto. A better way to use rsi since it's lagging is use it for divergence or draw a trendline on rsi and trade the break of the trendline.
even better, take the horizontal lines off the indicator and draw your own lines pea to peak- on price and the indicator use divergence/ convergence
hi.. good day.. can i ask what trading app are u using? thanx
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There is another secret but I'll make that video. The timeframe is bigger and the settings will change instead of using the default. Btw, I use the 50 level too and thanks for showing that it works on smaller timeframes.
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ok i have a problem with this theory.. cciv is at 95 as of right now...does that mean when it hits say 65 sale the load? that doesnt sound safe especially if the merger happens.....hmmm
Good Video thanks for sharing, have you tried trading it just on the 4H....I'm back testing the strategy on the 4H, it seldom goes above or below the 70/30 but when it does it usually has a huge move.
What happens when its goes below 30 does it go bulls up lol
This is truly a secret!!! Thank You so much!!!
lmao yoo why didn't you just wait for divergences to play out?? 2 to 3 push UP or DOWN then your stop loss would have been 5 to 15 pips max {1 to 3 radio or 1 to 5 ratio every time }
I see your using this on 1hr and 4 hr charts. I have been trading 15 min, is there any particular chart that is better?
I'm new to this and you gave a great explanation. Thank you.
There is really no vaue in this video if u ask me..
nice theory! now take 10 years of historical data on the same timeframe and compare the two strategies again ;)
very big help for beginners like us.👍👍👍 this is my go to channel in learning about trading the tips works perfectly.
exactly unique tip after i searched alot , liked and subscribed
Plus it with simple divergence... This is also a secret. Don't tell anyone.
Nice video , I just discovered that bitcoin trading is now one of the fastest way to make money online...it's really a life changer
Bitcoin trading is really a life changer, I couldn't believe it could be so profiting urge.
You're right sir, Thanks for introducing me to Mr Harvey
....faaauuucckk! that blew me socks orrf! Much obliged to you sir 😲😱🤯👍